TD Power Systems Limited
Mirae Asset Mutual Fund took up 6,45,550 new shares of TD Power Systems Limited in the company's rights issue allotment. This increased its holding from 35,27,534 shares to 41,73,084 shares, raising its stake from 1.12% to 1.30%.
A manufacturer of AC generators and electric motors for diverse industrial applications, TD Power Systems designs and produces heavy electrical machinery tailored to specific customer requirements and technical specifications. The company serves various sectors including power generation, manufacturing, and infrastructure by delivering customized solutions engineered for reliability and sustained performance. It operates as a specialized producer in India's heavy electrical equipment industry.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.